![]() In one prior advisory opinion, the Commission examined the “nature of the transaction” and permitted an authorized committee to amend disclosure reports previously reporting contributions from a candidate to instead report that activity as the candidate's loan of personal funds to the committee. The Commission considered three prior advisory opinions to determine how to give retroactive effect to FEC v. Rouda’s loans and repay him with funds it currently has on hand or raises to retire debt. Cruz, which invalidated the loan repayment limitations, the Committee asks if it may reinstate Mr. In light of the Supreme Court's decision this year in FEC v. Rouda would not have forgiven the 2018 loans. Rouda state that had the post-election repayment limits not been in place, Mr. Rouda forgave the remaining personal loan amounts and the committee converted them to contributions. Consistent with post-election repayment limitations in place at the time, the committee repaid an additional $250,000 during 20. The committee repaid $472,127.93 prior to or within 20 days of the primary election. During the primary election period, he loaned $1,625,000 to his principal campaign committee, Harley Rouda for Congress (the committee). ![]() Harley Rouda was a candidate in the 2018 primary election for California's 48th Congressional District. The committee may use funds currently on hand or raise funds to retire the loans, so long as there are net debts outstanding. Pursuant to provisions of law recently invalidated by the Supreme Court, an authorized committee may reinstate and repay candidate loans that it previously converted to candidate contributions.
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